Post by
Panic54321 on Mar 31, 2024 10:58am
Close to breaking the 200 day !!
Looking at a lot of these beat up Reits...
many of them have crossed the 50 moving
avg.
Plus many of them are right on the edge of crossing the 200 day moving average.
I am not really a technical guy, but the charts do matter......once the downtrend breaks that's been going for almost 2 years...... that is a positive sign so we'll see what happens in the next few weeks.
There are many traders and analysts that watch for the 200 day trend to be broken so if it can break and hold, we are on slow grind higher..
Good luck !! See what April brings us....
Comment by
garyreins on Mar 31, 2024 12:18pm
It will happen when June cuts become close to 100%... myself and market likely skeptical of "oops inflation is going up!" Fed to delay psych job